Abbreviated Company Accounts - PORTCULLIS ELECTRIC GATES LIMITED

PORTCULLIS ELECTRIC GATES LIMITED - Company Information

06943582 PORTCULLIS ELECTRIC GATES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 06943582 2015-06-01 2016-05-31 06943582 2016-05-31 06943582 2015-05-31 06943582 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 06943582 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 06943582

PORTCULLIS ELECTRIC GATES LIMITED

Abbreviated Accounts

31 May 2016

PORTCULLIS ELECTRIC GATES LIMITED Registered Number 06943582

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	62,610	75,243
Tangible assets	3	17,511	28,844
		80,121	104,087
Current assets
Stocks		44,200	12,000
Debtors		142,475	100,186
Cash at bank and in hand		18,420	70,179
		205,095	182,365
Creditors: amounts falling due within one year		(150,577)	(178,028)
Net current assets (liabilities)		54,518	4,337
Total assets less current liabilities		134,639	108,424
Creditors: amounts falling due after more than one year		-	(2,235)
Total net assets (liabilities)		134,639	106,189
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		134,539	106,089
Shareholders' funds		134,639	106,189

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2017

And signed on their behalf by:
Mr D Madders, Director

PORTCULLIS ELECTRIC GATES LIMITED Registered Number 06943582

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under finance lease, over the lease term, whichever is the shorter.
Plant & Machinery - 20% on cost
Fixtures & Fittings - 20% on cost
Motor Vehicles - 25 % on cost
Computer Equipment - 33% on cost

2Intangible fixed assets

	£
Cost
At 1 June 2015	151,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	151,600
Amortisation
At 1 June 2015	76,357
Charge for the year	12,633
On disposals	-
At 31 May 2016	88,990
Net book values
At 31 May 2016	62,610
At 31 May 2015	75,243

3Tangible fixed assets

	£
Cost
At 1 June 2015	88,208
Additions	458
Disposals	(12,552)
Revaluations	-
Transfers	-
At 31 May 2016	76,114
Depreciation
At 1 June 2015	59,364
Charge for the year	5,711
On disposals	(6,472)
At 31 May 2016	58,603
Net book values
At 31 May 2016	17,511
At 31 May 2015	28,844

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100